New tax bill could disrupt the renewable energy market

Renewable Energy - New US Tax Bill

Senate passes tax bill that could have a major impact on the clean power sector The U.S. Senate has passed a new tax bill that could have a major impact on renewable energy throughout the country. Over the past few years, clean power has been growing relatively rapidly in the U.S. This growth is expected to slow significantly due to the provisions of the new tax bill. One of these provisions was introduced by the Senate finance committee just before the tax bill passed. This particular provision, called Base Erosion…

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MIT researchers develop new battery system that can store and release heat

MIT Research - Battery System

New battery system can provide thermal energy when it is needed most A research team from the Massachusetts Institute of Technology (MIT) has announced the development of a new battery system that can store solar energy and release heat when it is needed. Researchers believe that the new system could be used to provide electricity for communities in developing parts of the world. In cities, the system could also be used to limit the amount of electricity that is consumed by residents, particularly during colder seasons. System can collect energy…

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South Australia offering up grants for renewable energy projects

Renewable Energy Grant - Australian Money

Government aims to fund promising projects from four companies South Australia is continuing its efforts to embrace renewable energy and will soon have more efficient storage solutions. The state government has plans to issue grants ranging from $1 million to $3.6 million to four companies that will be leading these efforts. Currently, companies have submitted more than 80 proposals seeking funding for their renewable energy and storage projects. The grants will be issued as part of the South Australian renewable energy fund, which has some $150 million available. Tesla has…

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UCLA researchers develop new device that can produce hydrogen fuel

Hydrogen Fuel - Research Lab

New device uses solar energy to produce hydrogen A team of researchers from UCLA have developed a new device that is capable of producing and storing hydrogen fuel. The research team suggests that the device can be replicated at various different sizes, making it useful for small electronics as well as fuel cell vehicles. In the most extreme cases, the device could even be scaled-up to be used as a hydrogen storage system for large cities. The device is also environmentally friendly, as it uses solar energy to produce hydrogen…

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Shell to double its clean power investments

Shell Truck - Clean Power

Oil company to make more aggressive investments in renewable energy Oil giant Royal Dutch Shell has announced plans to increase its renewable energy investments. The company has been growing more focused on clean power in recent years and intends to divest from oil and fossil-fuels in the relatively near future. Shell has vowed to significantly reduce its carbon footprint by 2050, replacing much of its old energy capacity with clean power solutions. In order to accomplish this, Shell will be significantly increasing its investments in clean power. Investments will show…

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Australian Northern Territory announces new plans for renewable energy

Australia Renewable Energy - Solar power in the desert

Territory aims to generate half of its electricity from renewable sources by 2030 Australia’s Northern Territory has announced plans to embrace renewable energy more aggressively. The government hopes to generate no less than 50% of its electricity from renewable sources by 2030. Notably, the government intends to provide grants to homeowners that make use of clean power. According to officials, these homeowners may be eligible for grants up to $750, which will help them install solar panels, battery systems, and various renewable energy solutions. Renewable energy will allow territory to move…

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Tesla keeps its promise to build battery system in 100 days or less

Clean Energy - Tesla Car Battery

Company has built a large-scale battery system in South Australia Tesla has followed through with its promise to build the world’s largest battery system in South Australia. The company has successfully completed the construction of a 100 megawatt battery facility. The new facility will be capable of supplying some 129 megawatt-hours of electrical power. Tesla founder and CEO Elon Musk had promised the Australian government that the battery system would be completed within 100 days. Tesla was able to finish the project in less than two months. New battery system…

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Wind energy has won more support in Turkey

Wind Energy Support in Turkey - Flag of Turkey

Turkish government plans to bring wind power investments up to $5 billion Turkey has announced an ambitious new plan to significantly increase its use of wind energy. The Turkish Wind Energy Association has revealed that the government intends to have some $5 billion in investments in wind power by the end of this year. On December 25, Turkey plans to launch a five-day-long tender, which seeks to support some 2,130 megawatts of wind projects. These projects will take form throughout the country and harness Turkey’s wind resources in order to…

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India launches new renewable energy initiative

New Renewable Energy Initiative - Green Field

Country intends to reach 200 GW of installed clean power capacity by 2020 The Indian government has announced plans to show more support for renewable energy. The country intends to tender enough clean power projects over the next three years to reach its 200 gigawatt capacity goal by 2020. Initially, India’s plan was to have 175 gigawatts of clean power capacity in place by 2024. Now, however, the country believes that it can surpass this goal by embracing a range of new projects that generate electricity from the sun and…

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China announced new trade plan to support renewable energy

Renewable Energy Trade Plan

Trade plan aims to boost small and medium-sized clean power projects China’s National Energy Administration has announced that small and medium-sized renewable energy producers will now be able to sell their electricity directly to buyers. The direct sale of this electricity will mostly be seen in regions where energy demand is high and comprehensive transmission capacity exists. This is part of China’s overarching plan to have renewable energy play a much larger role in its future. The country is working to eventually phase out the use of fossil-fuels in order…

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Solar energy continues to find success in India

Solar Energy - Sunset Behind Taj Mahal, India

39% of new energy capacity in India came from solar Solar energy accounted for the largest growth in new energy generation capacity in India this year. The country has been aggressively investing in the development of new solar farms, hoping to replace older forms of power with clean energy. Solar capacity has, therefore, been growing quickly. Several new solar farms have begun operation in recent months, adding momentum to India’s energy revolution. India now has 14.7 GW of installed solar energy capacity According to data from the Mercom Capital Group,…

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Clean power is facing a major curtailment problem in China

Clean power - Shanghai China Smog

Renewable energy is going to waste due to infrastructure issues China, the world’s largest energy market, is facing a major challenge when it comes to holding on to its clean power generation. Much of the country’s renewable energy supply is currently subject to double-digit rates of curtailment. This curtailment has been going on for quite some time, leaving many of China’s clean power systems seeing little use. It has also highlighted longstanding problems with the country’s aging energy infrastructure. Clean power is struggling in the northern provinces Curtailment is affecting…

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California may beat its own renewable energy goals 10 years early

Renewable Energy Goals

Clean power is growing aggressively throughout the state California may be on track to achieve its renewable energy goals 10 years ahead of schedule. In 2015, the state outlined its plans to distance itself from fossil-fuels in order to cut emissions and become more environmentally friendly. The plan involved meeting this goal by 2030. By that time, the state intended to derive no less than 50% of its electricity from renewable sources. Only two years after the plan was first introduced, California is outpacing its own expectations. Report shows that…

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Tax reform bill could have impact on renewable energy in the US

Renewable Energy - Tax Break

New tax reform bill may affect the renewable energy space The United States House of Representatives is expected to approve a new tax reform bill which may have some impact on the renewable energy space. As it stands now, the bill would reduce the tax benefits that have benefited the clean power industry in the past. As the final version of the bill is being negotiated, however, such provisions may be put to rest, thereby ensuring that the renewable energy space continues to thrive. Bill seeks to reduce the Production…

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China is looking to reduce renewable energy waste

Renewable Energy - Conserving Energy

Country intends to cut clean power waste in the coming years China is working to alleviate its waste of renewable energy. According to the National Energy Administration, China is currently working to reduce renewable energy waste by 2020. The country has been investing heavily in clean power in recent years, but much of the new electricity that comes from renewable power systems goes to waste. This is due to China’s existing energy infrastructure and its inability to handle the amount of electricity that is funneled into the system from clean…

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Facebook to draw on wind energy for data center in Nebraska

Wind Energy News - Facebook

New wind farm will provide Facebook with electricity Development of a new wind energy system in Nebraska has begun. This new wind farm will provide electricity to Facebook data centers located in the Omaha area. Survey work is currently being conducted on the site. Major construction work is expected to begin after the winter seasons. The project is valued at approximately $430 million. The wind farm is expected to begin generating electrical power in the fourth quarter of 2018. Wind farm will have a capacity of 320 MW The new…

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